Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1887-01-22

FL tered 1T The rcstotiice nj, Accomac
c H.. Va us sccond-clasS matter.
\ correspondence which recently
appeared in the Richmond Dis
patch shows What an intangible
thing the State debt of Virginia
is. |. has been funded and read
iliStr,l and otherwise muddlcd to
such m extent that it seems to be
beyond the reach of human con-
ptehcnSion. Ithas been Tie cause
of so much unhappy strife. and III
somHny ways been so detrimental
toshcr best interests that few care
TO know other than the means Of
ridding themselves of 1t. With
rare exccpilonS,men olcvcr9 shade
o. political opinion with wonderful
unanimily, considering how widely
they once differed. do not consider
the question how they are to pay
any portion OF 1t, hut the best Way
outofthe. difficulty. In other words,
the question is not now how they
shall pay. hut how they shall reru,
date it. To tic average Nircinian
il Is 2mmatcral now Whether the
debt is so, 100000 or $4,000 900
the refusal of their creditors to al
low ;ham 10 pay enc. their inability
perhaps. TO pay tic other has filed
them alike Will indifference and
disgust. But as like Banquo'S
ghost it will not down, the questions
occurs what is going to he done
about it? We neither know the
amount Of lie debt and we seem
To l'c equally rs ignorant asto the
manner and time it is 10 lie settled.
Vrginia's debt is truly Virginia's
woe. The following is perhaps as
Intelligent representation of tie
State debt IT'S could possibly be
III de.
Fi.uvAEA COUNTY. VA.
January ). 1886.
lie Editor Of tie pi;spatcA:
l.. Please state in Your Daily
Dispatch The amount of NirgilIia'S
ante iellum debt, as made by the
Riddlchcrge, bill.
>. Tel! us where tlc Second
auditor GETS his tiel.ic> making
N-rgilia's debt $50, Geo, Geo here
:1boniS.
3. The RIdllehcr@er settlement
WAS Tor &bout *2l ,GG0,110. Does
The State really eve amy more than
ila! alncunt.. and If SO. lov mitch!
i. How much Of the icht has
been PAID since tie Ridtlicbcrger
sctilen cnt WAS made, and What
amount las been funded! under that
bill? A CoUN1TlAIAN.
/. The Riddlebergcf bill puts
total amount of he debt owing ny
Virginia as Of July l, 1882, at S2l,
C35.31115.
.. The Second Auditors fig
nreS were taken from tie books il
lis Office, we suppose.
3. OF course the State owes
pore than that ;mount, seeing that
,,ot one.third cf the bonds issaee
in 1871. 1879. and previously, have
been refunded undcgtlie Riddleher
&c. bill. II her creditors acknowl-
edged that Virginia owed no more
dan twenty Gle millions Of dollars
Size would Of celliSc be willing Il
i1avall she owed. Tier ONT! LcgiS
I.,tilre of lSo2 aaccrl"ined 1--WE use
tie word "aScertlllietlH III lis tech
meal scnsrl the amount to be Il:
above stated. and both the grca'
parties Of tie State have pledge,
Themselves 10 stand by the bill
wi,ich fixes tie debt at that SUM-
How much Virginia really owes We
;..e lot prepared TO state. Our cor
respondent must Eol lose sight @
he fact that one-lhild of the deb
was kindly tIiiucd over to Yves
Virginia. without her consent, an'
that sl.c laughs 10 scoin tic pre-
tence that she owes even one mil
Ion OF it. She will never pay
dime Of it. He niglIt therefore
a(i,! SlG.J0G. 500 20 The 81 ;00O,0G
referred to above. Again: III 1871
tic Virginia legislature aS@crtalne'
Ilcidcbi TO lie over thirty millions
after {icauclng cme-tlild Tor Yves
Virginia; and as no CONSIDERABLE
Iarl OF that debt has hccn paiJ,on
correspondent can add rs much d
he may choose to add on that az
connt.
!. Nonc of the debt has bee
raid since the Ritlilchcrgcr bill wa
PASSED so lar dis we know. Th
amount funded under that bill II
TO tjaly /, 1856. WAS S5,S63,35l7J
ol which S22.9l3, SI3.47 WAS ''bougll
and taken in by the State" Til
last sum was included when th
State debt was staiedat S39, 100000
by Colonel Rufiin. We recent
made out the debt to be- over thl
ty.tl;ree millions. 1t can be state
al almost amy amount between SCI
cnty millions ana fifteen millions